Association For Recorded Sound Collections Inc
- Assets
- $304.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 23-7001161
Organization Overview
Association For Recorded Sound Collections Inc is located in Annapolis, MD. The organization was established in 1970. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Recorded Sound Collections Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Association For Recorded Sound Collections Inc generated $97.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $94.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Georgitis Executive Director | 15 | $8,500 | |
Tim Brooks First Vice President/president Elect | 5 | $0 | |
Rebecca Chandler President | 5 | $0 | |
Yuri Shimoda Vice-President Program Chair | 5 | $0 | |
Dan Hockstein Member At Large | 5 | $0 | |
Bob Kosovsky Member At Large | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,058 |
| Total Program Service Revenue | $118 |
| Membership dues | $40,825 |
| Investment income | $1,495 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,717 |
| Total Revenue | $97,546 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $36,464 |
| Other expenses | $34,332 |
| Total expenses | $94,221 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $304,529 |
| Other assets | $0 |
| Total assets | $304,529 |
| Total liabilities | $0 |
| Net assets or fund balances | $304,529 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association For Recorded Sound Collections Inc has recieved totaling $48.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Valley Folk Rose Valley Rose Valley, PA | $1,119,838 | $316,260 |
National Association Of Black Storytellers Inc Baltimore, MD | $80,509 | $0 |
Association For Recorded Sound Collections Inc Annapolis, MD | $304,529 | $0 |
The Washington Balalaika Society Inc Fairfax, VA | $91,404 | $0 |
Schuylkill County Quilters Guild Schuylkill Haven, PA | $14,083 | $0 |
African Cultural And Resources Center Acrc Corporation Silver Spring, MD | $0 | $0 |